In today’s world, many Canadians are looking for ways to earn extra income to supplement their primary sources of income. Whether it’s to pay off debt, save for a big purchase, or simply to have more spending money, side hustles are becoming increasingly popular.
However, not all side hustles are created equal, and some may not pay out as quickly as others. For those who need to see the cash rolling in on a more frequent basis, it’s important to find side hustles that pay weekly.
Fortunately, there are plenty of opportunities available for Canadians looking for side hustles that pay weekly. From food delivery to freelance writing, online tutoring to house cleaning, there are many different options to choose from. In this blog post, we’ll explore some of the best side hustles that pay weekly in Canada, so you can start earning extra income and achieving your financial goals.
Side Hustles In Canada
There are many side hustles that can help you earn extra income on a weekly basis in Canada. Here are some options:
Food Delivery: You can work as a delivery driver for companies like Uber Eats, SkipTheDishes, and DoorDash. They pay their drivers on a weekly basis.
Freelance Writing: You can write articles, blog posts, or product descriptions for websites and get paid weekly for your work.
Online Tutoring: You can tutor students online and get paid on a weekly basis. Websites like TutorMe, Tutor.com, and Chegg Tutors are good platforms to find tutoring opportunities.
Babysitting: You can offer your services as a babysitter or nanny and get paid weekly for your time.
Pet Sitting: You can offer your services as a pet sitter and get paid on a weekly basis. Websites like Rover and Wag! are good platforms to find pet-sitting opportunities.
House Cleaning: You can offer your services as a house cleaner and get paid on a weekly basis.
Virtual Assistance: You can offer your services as a virtual assistant and get paid on a weekly basis. Websites like Upwork and Freelancer are good platforms to find virtual assistant opportunities.
Social Media Management: You can manage social media accounts for businesses and get paid on a weekly basis.
Transcription: You can transcribe audio and video recordings and get paid on a weekly basis. Websites like TranscribeMe and Rev are good platforms to find transcription opportunities.
Delivery Services: You can work for companies like Amazon Flex and get paid on a weekly basis for delivering packages.
How much on on average can I make from these side hustles per hour?
The amount of money you can make per hour from these side hustles can vary greatly depending on a number of factors, including your location, experience, skills, and the specific side hustle you choose. Here’s a rough estimate of the hourly pay you can expect to earn from some of the most popular side hustles in Canada:
Food Delivery: Drivers for food delivery services like Uber Eats, DoorDash, and SkipTheDishes can earn anywhere from $15 to $25 per hour, including tips.
Freelance Writing: Freelance writers can earn an average of $30 to $50 per hour, depending on their experience and the type of content they write.
Online Tutoring: Online tutors can earn anywhere from $15 to $75 per hour, depending on the subject they teach and their level of experience.
Babysitting: Babysitters can earn anywhere from $15 to $20 per hour, depending on their location and the number of children they are watching.
Pet Sitting: Pet sitters can earn anywhere from $15 to $25 per hour, depending on the type of animals they are caring for and the specific services they offer.
House Cleaning: House cleaners can earn anywhere from $20 to $40 per hour, depending on their location and the specific services they offer.
Virtual Assistance: Virtual assistants can earn anywhere from $15 to $40 per hour, depending on their experience and the type of services they offer.
Social Media Management: Social media managers can earn anywhere from $15 to $50 per hour, depending on their experience and the size of the business they are managing.
Transcription: Transcribers can earn anywhere from $15 to $30 per hour, depending on their experience and the type of transcription work they are doing.
Delivery Services: Drivers for delivery services like Amazon Flex can earn anywhere from $15 to $25 per hour, depending on their location and the type of packages they are delivering.
Keep in mind that these are rough estimates and your actual earnings may vary depending on your individual circumstances. It’s always a good idea to research your chosen side hustle thoroughly and set realistic expectations for your earnings.
Canadian Taxes and Side Hustle Income
When it comes to side hustles, it’s important to understand the tax implications of earning extra income. In Canada, any income you earn from your side hustle is subject to taxation, just like your primary source of income. Here are some important things to keep in mind when it comes to taxes and side hustles:
Keep track of your income: It’s important to keep track of all the income you earn from your side hustle, including any tips or bonuses you receive. This will help you accurately report your income come tax time.
Understand your tax bracket: Your tax bracket is determined by your total income, including your side hustle earnings. Make sure you understand which tax bracket you fall into so you can accurately estimate your tax liability.
Report your income: You are required to report all of your income to the Canada Revenue Agency (CRA), including income from your side hustle. Failure to report your income can result in penalties and fines.
Claim deductions: You may be able to claim deductions for expenses related to your side hustle, such as home office expenses or the cost of supplies. Make sure to keep detailed records of your expenses so you can claim any eligible deductions.
Consider setting aside money for taxes: Since taxes aren’t typically withheld from your side hustle earnings, it’s important to set aside a portion of your income to cover your tax liability come tax time.
Consult with a tax professional: If you’re unsure about how your side hustle income will impact your taxes, it’s a good idea to consult with a tax professional who can help you navigate the tax code and ensure you’re in compliance with all relevant laws and regulations.
By understanding the tax implications of earning extra income from a side hustle, you can ensure you stay on the right side of the law and avoid any unpleasant surprises come tax time.
Final Words
Side hustles can be a great way to supplement your income and achieve your financial goals. From food delivery to freelance writing, online tutoring to house cleaning, there are many different side hustles available in Canada that can pay out on a weekly basis.
When pursuing a side hustle, it’s important to keep track of your income, understand your tax liability, and set realistic expectations for your earnings. By doing so, you can enjoy the benefits of earning extra income while staying in compliance with all relevant laws and regulations. So why not explore some of the side hustles mentioned above and start earning extra cash today?